Category Archives: Business & Transactions

by Peter B. Langbord – Partner, and Jacqueline Karama – Law Clerk, Foley & Mansfield Los Angeles The smoke has finally cleared. Nearly twenty years after California became the first state in the nation to legalize medical marijuana, California approved the first statewide … Continue reading →

The Minnesota Secretary of State recently released business filing statistics for 2013. The total number of filings for 2013 was 58,260, down about 3% from 2012. Other statistics from 2013: Of all Minnesota Limited Liability Companies and Minnesota Business Corporations … Continue reading →

The Minnesota Department of Revenue recently issued “Fact Sheet Number 178” addressing the imposition of Sales and Use Tax on Storage and Warehousing Services. Businesses using outside services should become very familiar with this new tax. The greatest impact will … Continue reading →

Buy-Sell Agreements, also known as “Shareholder Control Agreements” or “Member Control Agreements” in the LLC context, are binding contracts of closely held companies designed to facilitate the continued operations of a business. On a basic level, the Buy-Sell provides guidance … Continue reading →

The city of Los Angeles is suing Minneapolis-based U.S. Bank, accusing a U.S. Bank subsidiary of failing to maintain hundreds of foreclosed homes which have fallen into disrepair and tarnished community property values along the way. U.S. Bank allegedly holds … Continue reading →

Many businesses seek to hire extra hands through the holiday season as a way to cope with the shopping rush. Typically, these employees are hired as “Independent Contractors” to insulate the company from the cost of benefits and responsibility for … Continue reading →

In an unpublished opinion, the Minnesota Court of Appeals held that the “independent consideration” rule does not apply outside the employer / employee relationship, and specifically found that it does not apply to independent contractors. Continue reading →

Employee embezzlement is expensive. Some experts estimate that 25-40 percent of employees steal when given the opportunity, with estimates of the costs to business exceeding $400 billion dollars annually. Employee embezzlement can take many forms, but regardless of the size … Continue reading →

With the downturn of the economy, companies are grasping for market shares. Unfortunately, this can sometimes put these companies in a position that they would not normally want to be in. Businesses may try to take their competitors’ people so … Continue reading →